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Acquisitive Boston Networks snares PEL Services

Posted onMonday, April 30, 2018 - 20:54

Glasgow-based Boston Networks' ambitious plan to create a major UK life safety, security and networking force has been boosted by the acquisition of PEL Services for an undisclosed sum. London-located PEL Services is Boston Networks' first bolt-on acquisition since investment fund Aliter Capital acquired a major stake in the company in January. Aliter focuses on small to mid-size UK support services businesses and is working with Boston to deliver organic growth and target further complementary bolt-on acquisitions.

Owner-managed PEL was founded in 1976 and became a sound, fire, security and AV solutions company with national coverage and has a strong presence in London and the south east, significantly expanding Boston's national footprint.

The combined group em-ploys 150 staff and the senior management team at PEL will continue to manage the business, working alongside Boston CEO Scott McEwan.

"We look forward to leveraging PEL's many years of experience of working in the sound, fire, security and audio-visual markets which will help us to drive towards the next phase of our growth," stated McEwan.

"This acquisition will deepen the services offered by Boston Networks as we continue to grow and focus on applying technology to improve the performance, safety and security of people, buildings and assets."

PEL MD and exiting shareholder Kenneth Faulks added: "The partnership between PEL Services and Boston Networks, with the support of Aliter, gives the company a major platform for growth in the years ahead."

Greig Brown, who is a Partner of Aliter Capital and Chairman of Boston Networks, commented: "PEL Services is an excellent fit for the Boston Networks business. In addition to offering a complementary product offering and strong management team, it is a significant step forward in our plan to create a national provider of integrated life safety, security and networking services."

In recent years Boston Net-works has completed a range of major contracts, including projects and services for the Queen Elizabeth University & Children's Hospital, the 2014 Commonwealth Games and the 2014 Ryder Cup.